The Jumpstart Our Business Startups (JOBS) Act, signed into law by President Barack Obama on April April 5, 2012, was a bipartisan effort designed to stimulate economic growth by easing U.S. securities regulations for small businesses following the 2008 financial crisis. Its most revolutionary aspect, Title III – also known as the CROWDFUND Act – legally enabled companies to use crowdfunding to issue securities, a practice previously prohibited. This landmark change opened new avenues for capital raising, allowing a broader range of investors to participate. The Securities and Exchange Commission (SEC) finalized these rules on October 30, 2015, leading to "Regulation CF" going into effect on May 16, 2016. Crafted from a blend of legislative proposals championed by figures like Patrick McHenry and Jeff Merkley, the Act aimed to jumpstart job creation and support emerging companies.